With just weeks from the typical grant date, the answer given on the AE&O (GNT) all-hands today is that…the board has not decided on the fate of the program yet.
The writing is on the wall
RIP
2021-2025
12 replies (most recent on top)
@OP Here. Just wanted to return for my victory lap and "I Told You So".
Stock together in its present format is gone. Any grants that you have, you get to keep. The program will be retooled or eliminated.
OP is correct. Finance teams are planning at a lower rate due to the reduced benefits.
I too have seen on a slide that the board had yet to decide on stock plan for Band 6 and Below. On the same slide it had STI and BPI approved by the board. I'd say there is a chance that OP is accurate on this one. It will pi$$ many people off I am certain.
You haven't heard anything yet because compensation sheets aren't available to anyone until Feb 16th
Not true at all LTI will be on target from official communication from HR sent to leaders.
I'm fine by it if they adjust baseline salaries to truly reflect the market
@OP more fake info for the site
That would be very disappointing. It would feel like a sizable pay cut. Would they replace it with anything, such as the prior 401k bonus match?
Would they completely shut down the program, including what was already granted? Or would they just not issue new RSU?
It is going away.
Just don’t touch the STI percentages
They legit want a mass employee exodus. It makes sense though since they can “rif” without paying massive severance.